Getting a personal loan from Citi is fast, easy, and hassle-free, with no salary transfer required. So now you can focus on what really matters, like the colour of your swim shorts for your dream vacation, or the details in your new house.
Major Advantages: Fast approvals, No salary transfer required
Points to Consider: High rate of interest
Minimum Salary Requirement: AED 8,000
Reducing Rate (as advertised): Starting from 13.99% p.a. (The rate is calculated on a reducing basis and varies between 13.99% and 24.99% depending on customer income and loan amount)
Flat Rate: 7.78% p.a. (as per 4 years calculation)
Processing Fees: 1% of the finance amount (Min AED 500, Max AED 2,500)
Maximum Finance Amount: AED 175,000(Up to 8 times of your Salary)
Islamic Finance: No
Maximum Term: 4 Years
Salary Transfer: Not Required
Early Settlement Fees:1% of the outstanding amount
Salaried/Self Employed: Salaried Only
Current dated Salary Certificate (3 months on current job).
Last three months bank statements (with salary transfer).
Minimum (fixed) monthly salary of only AED 8,000.
Passport copy / Emirates ID Copy.
Direct Debit Form.
All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Reducing rate is converted into Flat rate as per 4 years calculation.
Terms and conditions apply.
Terms & Conditions
A. Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.
Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.
B. Authorization to request Account Statement from Central Bank
By providing your IBAN number, you consent (give permission) to Citibank to request for your statement of account through the Central Bank of the United Arab Emirates, from your bank (as can be identified by the account number IBAN) and also for your bank to provide this information through the Central Bank of the United Arab Emirates, without taking additional consent. I consent to the (one time) release of my account statement exclusively for the purpose stipulated in this Consent Form. Citibank has my consent to obtain my 6 months account statement with the details shared. Why is this consent needed and how will your information be used? Your consent (permission) is required for us to obtain and share your account information, including the transaction details for the identified period, is needed for the purposes listed and explained below. The information provided will be shared and retained in accordance with applicable law concerning data security and privacy protections. The information you authorize us to obtain and share will be used to determine your eligibility for the product. Please note that some services may not be available to you unless you consent to share/release information as stated in this Authorization.
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